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Multiple crises fence in Greece
Agoratheir anger by choosing to raise their social security contributions rather than cut existing pensions... the European Union average but has risen from less than 12 percent since the beginning of the crisis due... has fallen to 3.6 million, which is less than the 2.6 million pensioners and 1.2 million unemployed
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Declining flow of refugees gives struggling government some hope
PoliticsForeign Policybeen an average of 996 refugee arrivals per day. This is substantially lower than the daily average... on Monday, there are no more than 5,300 people (out of a total of just over 50,000) at the reception... arrivals for March appear well down on February's, they are far higher than the figures for last
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Asking Greece to stack more austerity measures ignores past failings
Agorawill need to implement 3 percent of GDP, more than 5 billion euros, in further austerity measures up... could find in the markets better rates than those charged by the IMF, justifying the government plan... an upwards-revised surplus of 705 million euros. This meant the target was missed by more than 2
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Newsletter 73 - 13/05/2016
reducing the tax-free threshold for taxpayers with fewer than two children or none, while the tax... unlock more than 5.7 billion euros, which will not only cover financing needs but also fund... Mouzalas to “Macedonia” rather than the Former Yugoslav Republic of Macedonia, coalition partner
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Budget primary surplus of 2.38 bln by April, continues to beat target due to restricted spending
EconomyMacroeconomymillion), more than offsetting an underperformance of the Public Investment Budget (PIB... slipped 1.3 percent to 14.11 billion, 325 million higher than target. Expenditure Primary expenditure edged up 1.7 percent in April to 3.12 billion euros, which is 472 million lower than target
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General gov't primary cash surplus for Jan-Apr quadrupled to 2.6 bln, arrears stable at 6.7 bln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus more than quadrupled to 2.6 billion euros..., albeit lower than last year. The breakdown of the key figures showed gg revenues increased by 2.52... increase of more than 700 million in the preceding two months. Since the beginning of the year
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Crisis management policy: the sad lesson of the Greek case
Agoraworse than necessary. This is particularly evident in relation to the 2015 agreement, which was reached... thereof. However, there is no reason to believe that the 6–7 percent could be reduced to lower than 4... to achieve a more rapid debt reduction thereby than otherwise. But this is unfortunately very doubtful
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Newsletter 83 - 22/07/2016
to the lower-than-expected primary expenditure by 2.1 billion coupled with a revenue over-performance.... For the five-month period, the C/A deficit narrowed by more than 20 percent to 3.51 billion, largely.... This is mostly due to primary expenditure being 2.1 billion lower than the target. Revenues (before tax
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Increase in overdue contributions accelerates to 831 mln in Q2 as total reaches 16.6 bln
Economyof debtors owe less than 15,000 euros each for an aggregate amount of 1.14 billion euros (6.9 percent... 0.4 percent of total) owe more than 1 million each for a total amount of 3.76 billion euros, which... more than 60,300 debtors, accounting for 20 percent of total debtors. It is worth noting that KEAO
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Disposable income drops 1.8 pct in Q1 on rise in taxes and social contributions
EconomyMacroeconomyby more than 26 percent over this period. The breakdown of the disposable income components showed... of employees edged up to 14.02 billion euros in Q1. Nevertheless, it has dropped by more than 6.3 billion... billion euros in Q1. Nevertheless, they remain more than 25 percent lower than the 2010 levels
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